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SidekickHealth pens agreement with pharma giant Pfizer

SidekickHealth pens agreement with pharma giant Pfizer

Icelandic creator of health and lifestyle improvement app SidekickHealth recently shared news on social media of a partnership with pharmaceutical giant Pfizer. The partnership revolves around the development of a digital therapy for smoking cessation. “We are happy to provide people, who want to stop smoking with professional help, with

Marel acquires fish processing equipment creator Curio

Marel acquires fish processing equipment creator Curio

Marel, one of Iceland’s largest and most valuable companies, as well as a world leader in the production of fish, pork and chicken processing equipment, has acquired a 50% stake in Curio, with a call option for the remaining 50%. This is announced in a press release. The price

Arion bank discontinues support for Startup Reykjavik

Arion bank discontinues support for Startup Reykjavik

The main supporter of Startup Reykjavik, and investor in all the Startup Reykjavik companies, Arion Bank, is discontinuing support for the accelerator. Vísir reports, based on sources from inside the bank, which comments to Vísir that the issue is under consideration within the bank. The program, which is owned by

Nox Medical and Fusion Health merge to form Nox Health, with $10m investment from from private equity firm Alfa Framtak

Nox Medical and Fusion Health merge to form Nox Health, with $10m investment from from private equity firm Alfa Framtak

Nox Medical, the Icelandic maker of sleep monitoring and diagnostics devices, and FusionHealth, have merged to become Nox Health. As part of the merger, Icelandic private equity fund Alfa Framtak has invested $10m in the company for a 13% stake in the company. “The merger with FusionHealth, which is now

“Innovation isn’t a luxury. It’s a necessity” – Minstry for Innovation unveils Innovation Policy

“Innovation isn’t a luxury. It’s a necessity” – Minstry for Innovation unveils Innovation Policy

Just now, with the words that “Innovation isn’t a luxury, it’s a necessity,” Þórdís Kolbrún Reykfjörð Gylfadóttir the minister for Innovation, unveiled the Innovation Policy for Iceland until 2030. This policy is the result of work by a bi-partisan group of politicians and stakeholders from the ecosystem, and

Ripple acquires Algrim and opens office in Iceland

Ripple acquires Algrim and opens office in Iceland

Ripple, a global blockchain technology company that provides solutions to send money globally, just announced its acquisition of Icelandic company Algrím. The acquisition price remains undisclosed at the publishing of this story. “With built-in expertise in trading and exchanges, the addition of Algrim’s engineering talent to our team will

Buddyphones maker Nordic Enterprises Ltd. raises $1m

Buddyphones maker Nordic Enterprises Ltd. raises $1m

Creator of kid headphones Buddyphones, Nordic Enterprises Ltd., recently announced a $1m (125m ISK) funding round. The funding was through a convertible bond purchased by local (Icelandic) investors. Centra assisted with the financing. The company was founded by Pétur Ólafsson and Bjarki Garðarsson with the goal of designing and developing